Bitcoin pared losses as a bout of acute geopolitical tension began to ease after earlier sparking steep drops in cryptocurrencies.
The digital asset at one point on Friday sank more than 6% to $59,643 but later steadied, changing hands at $62,160 as of 1:14 p.m. in Singapore. Tokens such as Ether, Solana and meme-crowd favorite Dogecoin also stabilized.
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